Peak Oil

Quote of the week
"...concerned analysts usually point to two basic facts. First, each year, the world's mature conventional fields produce about four million barrels a day less oil than the previous year, a gap that has to be filled just to keep global output constant. In only five years, that gap grows to 20 million barrels a day of production -- equivalent to twice Saudi Arabia's output, which is mammoth. Second, the world's cheap and easy-to-get oil is disappearing fast. So, on average, each additional barrel requires more work, more complex technology, more environmental risk to get and refine than the last."
-- Thomas Homer-Dixon